Despite several months of rising home sales prices [the Reno-Sparks median sales price is up 31 percent Y-o-Y] the number of licensed brokers and agents throughout the state continues to decline — as agents leave the business voluntarily, or otherwise. According to the most recent data released by the State of Nevada Real Estate Division the number of licensees has hit yet another new low.
The Real Estate Division has licensee data going back to April 2007. Since that time, statewide, Active licensees has fallen nearly 32 percent. The number of Inactive licensees (those placing their licenses on ice temporarily) has plummeted more than 52 percent — an indication those former agents are likely not to return to the business. Combined, the number of Active and Inactive licensees in the state has fallen more than 36 percent over the past six years.
Washoe County-wide, Active licensees has dropped more than 21 percent since 2007. The number of Inactive licensees has fallen over 58 percent. Combined, the number of Active and Inactive licensees in the County has fallen more than 32 percent.
Source: Nevada Real Estate Division